Power Lunch

Stocks are selling off once again, pressured by a sharp spike higher in Treasury yields as traders grow worried that a new U.S. budget bill could put even more stress on the country’s already large deficit. We’ll tell you all you need to know.

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In an interview with CNBC’s “Power Lunch” at Tesla’s headquarters in Austin, CEO Elon Musk confirmed that the company will have robotaxis on the streets of Austin, Texas, by the end of June.

Musk also said Tesla aims to bring its robotaxis to Los Angeles and San Francisco following the planned Austin debut. 

While remaining at the helm of Tesla and also running SpaceX and xAI, Musk is serving as a key adviser to President Trump after spending nearly $300 million to propel him back to the White House.

Don’t miss our entire interview with Elon Musk.

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U.S. Treasury yields spiked after Moody’s lowered the U.S. credit rating down one notch to Aa1 from Aaa, bringing the agency in line with peers. The firm cited financing challenges tied to the federal government’s growing budget deficit and the ramifications of rolling over existing U.S. debts in a period of high borrowing costs. We’ll tell you all you need to know.

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CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

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CNBC’s Brian Sullivanand Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

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CNBC’s Brian Sullivanand Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

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The S&P 500 rose Tuesday, clawing back into positive territory for the year, as investors extended the gains seen in the previous session due to easing U.S.-China trade tensions. We’ll cover all of the angles for you.

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Stocks roared back on Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland, raising hopes a trade war won’t push the economy into a recession. We’ll tell you all you need to know.

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Stocks traded lower Friday as investors await much-anticipated trade talks between U.S. and Chinese officials this weekend.  We’ll tell you all you need to know.

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Stocks rose Thursday after President Trump announced a trade deal framework between the U.S. and United Kingdom, the first major agreement hatched since the U.S. launched pre-emptive tariffs on most of the globe earlier this year. We’ll tell you all you need to know.

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